Davis Polk is advising Emerson Electric Co. on the $260 million sale of its ClosetMaid business to Griffon Corporation. The transaction is expected to close within 30 days.
Emerson, headquartered in St. Louis, Missouri, is a technology and engineering company providing solutions for customers in industrial, commercial and residential markets. ClosetMaid has provided home organization and storage systems since 1965. Griffon Corporation is a diversified management and holding company conducting business through wholly owned subsidiaries.
The Davis Polk corporate team includes partner Marc O. Williams and associates Nicholas J. Marricco and Theodore A. Weisman. Partner Michael Mollerus is providing tax advice. Counsel Ron M. Aizen is providing executive compensation advice. Counsel Betty Moy Huber is providing environmental advice. Partner Lawrence E. Wieman is providing credit advice. Partner John B. Meade is providing capital markets advice. Partner Ronan P. Harty is providing antitrust and competition advice. Partner Pritesh P. Shah is providing intellectual property and technology advice. Members of the Davis Polk team are based in the New York and Washington DC offices.